Wells Fargo & Company MN Has $31.86 Million Stock Holdings in BWX Technologies, Inc. (NYSE:BWXT)

Wells Fargo & Company MN reduced its stake in BWX Technologies, Inc. (NYSE:BWXT - Free Report) by 2.5% during the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 286,041 shares of the technology company's stock after selling 7,228 shares during the period. Wells Fargo & Company MN owned 0.31% of BWX Technologies worth $31,862,000 at the end of the most recent quarter.

Several other large investors also recently modified their holdings of the stock. HHM Wealth Advisors LLC grew its holdings in BWX Technologies by 45.0% in the 4th quarter. HHM Wealth Advisors LLC now owns 290 shares of the technology company's stock valued at $32,000 after buying an additional 90 shares in the last quarter. Principal Securities Inc. grew its stake in shares of BWX Technologies by 40.4% in the fourth quarter. Principal Securities Inc. now owns 316 shares of the technology company's stock valued at $35,000 after acquiring an additional 91 shares in the last quarter. Louisiana State Employees Retirement System increased its position in BWX Technologies by 0.4% during the fourth quarter. Louisiana State Employees Retirement System now owns 25,400 shares of the technology company's stock worth $2,829,000 after acquiring an additional 100 shares during the period. AdvisorNet Financial Inc raised its stake in BWX Technologies by 15.4% in the 4th quarter. AdvisorNet Financial Inc now owns 779 shares of the technology company's stock worth $87,000 after purchasing an additional 104 shares in the last quarter. Finally, V Square Quantitative Management LLC grew its position in shares of BWX Technologies by 40.5% during the 4th quarter. V Square Quantitative Management LLC now owns 406 shares of the technology company's stock worth $45,000 after purchasing an additional 117 shares in the last quarter. 94.39% of the stock is owned by institutional investors.

Analysts Set New Price Targets

BWXT has been the subject of several recent research reports. Truist Financial boosted their price target on BWX Technologies from $106.00 to $114.00 and gave the company a "hold" rating in a research note on Tuesday, January 14th. Bank of America dropped their price target on BWX Technologies from $160.00 to $135.00 and set a "buy" rating for the company in a research note on Wednesday, March 26th. Seaport Res Ptn raised shares of BWX Technologies to a "strong-buy" rating in a report on Tuesday, April 1st. Finally, Maxim Group upped their price target on shares of BWX Technologies from $138.00 to $140.00 and gave the stock a "buy" rating in a report on Friday, January 10th. One investment analyst has rated the stock with a sell rating, two have issued a hold rating, seven have given a buy rating and one has given a strong buy rating to the company's stock. According to data from MarketBeat.com, BWX Technologies has a consensus rating of "Moderate Buy" and an average price target of $124.38.

BWX Technologies Trading Down 0.1 %

Shares of BWX Technologies stock traded down $0.06 on Wednesday, hitting $104.02. The stock had a trading volume of 95,055 shares, compared to its average volume of 1,026,920. The stock has a 50 day moving average of $101.97 and a 200 day moving average of $114.04. The company has a debt-to-equity ratio of 1.15, a quick ratio of 2.25 and a current ratio of 2.25. BWX Technologies, Inc. has a twelve month low of $84.21 and a twelve month high of $136.31. The firm has a market capitalization of $9.51 billion, a P/E ratio of 34.44, a PEG ratio of 3.20 and a beta of 0.67.

BWX Technologies (NYSE:BWXT - Get Free Report) last issued its quarterly earnings results on Monday, February 24th. The technology company reported $0.92 EPS for the quarter, topping analysts' consensus estimates of $0.80 by $0.12. The company had revenue of $746.27 million for the quarter, compared to analyst estimates of $653.16 million. BWX Technologies had a net margin of 10.32% and a return on equity of 31.95%. Sell-side analysts expect that BWX Technologies, Inc. will post 3.23 earnings per share for the current fiscal year.

BWX Technologies Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, March 28th. Shareholders of record on Tuesday, March 11th were given a dividend of $0.25 per share. This represents a $1.00 dividend on an annualized basis and a yield of 0.96%. The ex-dividend date was Tuesday, March 11th. This is an increase from BWX Technologies's previous quarterly dividend of $0.24. BWX Technologies's dividend payout ratio is currently 32.57%.

Insiders Place Their Bets

In other news, CEO Rex D. Geveden sold 45,625 shares of the business's stock in a transaction dated Wednesday, February 26th. The stock was sold at an average price of $107.40, for a total value of $4,900,125.00. Following the transaction, the chief executive officer now directly owns 218,218 shares of the company's stock, valued at $23,436,613.20. The trade was a 17.29 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, SVP Robert L. Duffy sold 6,000 shares of the firm's stock in a transaction that occurred on Wednesday, March 5th. The stock was sold at an average price of $104.03, for a total value of $624,180.00. Following the sale, the senior vice president now directly owns 3,206 shares of the company's stock, valued at $333,520.18. This represents a 65.17 % decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders sold 53,625 shares of company stock worth $5,734,145. 0.47% of the stock is currently owned by insiders.

BWX Technologies Profile

BWX Technologies, Inc, together with its subsidiaries, manufactures and sells nuclear components in the United States, Canada, and internationally. It operates through two segments, Government Operations and Commercial Operations. The Government Operations segment designs and manufactures naval nuclear components, reactors, and nuclear fuel; fabrication activities; and supplies proprietary and sole-source valves, manifolds, and fittings to naval and commercial shipping customers.